Actuarial Notes

Exam DISC-IA Practice Question 632

Study guide: Exam DISC-IA

A building owner compares a named perils causes of loss form with the open perils special form. Which statement correctly describes how the two differ in deciding a claim?

  • A) Under both forms the insured must prove that a listed peril caused the loss
  • B) The special form covers every cause of loss, including flood and earthquake
  • C) Under the special form a loss is covered unless the insurer shows an exclusion applies
  • D) The named perils form covers more causes of loss than the special form does

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